Many residents of Britain and North Europe are finding the idea of purchasing foreign property a more desirable and realistic goal. With a drop in the cost of air fares, interest rates in Europe becoming lower, and the property itself offering capital growth, countries like Spain have become more alluring to potential buyers. The country of Spain provides the advantage of brief air travel, plentiful sunshine and a thriving economy. If you’re willing to ignore bad press and follow some basic rules it can be very safe to buy in Spain. Here is your underlying buyers guide for purchasing real estate in Spain:

• Arrange your finances first.
  Use an expert in mortgages in Spain to help you. Your Spanish Mortgage are a good example


• Seek out legal advice before signing any documents.
  


• Avoid overstretching yourself financially.
• Be prepared for time deadlines to be stretched.
  
• Until you have the required funding, do not sign a contract to purchase anything.
  
• Be prepared for the Spanish purchase process, which is different in Spain than in the UK and elsewhere in Europe.
• Fully understand the way taxes are accrued based on the specific ownership structure that you choose.

Prior to deciding to buy, you should get answers to a list of vital questions from your attorney in Spain. There have been many instances where international buyers have been unable to get the results they seek because they didn’t know what questions to ask. Before you sign on any dotted line, then, you should consider the following questions

• Is the property’s land pastoral or urban? What might happen when purchasing rustic land?


• What costs will need to be taken into account, such as typical attorney’s fees and taxes?


• Are there any licenses in place, such as building licenses or first licenses of occupancy?




• Is this transaction being made with a direct purchase or is it part of a termination of deed?


• Will there be any under declaration in this purchase?


• Be sure to ask what extra costs you might be liable for, such as taxes on capital gains, inheritance taxes or income tax.


• Do any deposits need to be paid? When in the procedure are refunds no longer possible?


• What lawyer costs and other legal fees will need to be paid?